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All posts by Stephen Timm: Editor

  • Close to fifth of Joburg, Cape Town startup founders are immigrants

    Almost one in five startup founders in Cape Town and Johannesburg are immigrants, reveals a new report. The 2017 Global Startup Ecosystem report, released by StartUp Genome last month, reveals that 18% of founders in Cape Town and 17% in Johannesburg are immigrants – slightly under the average of 19% for the 56 cities measured by the report. In comparison, just four percent of founders in Lagos, Nigeria are immigrants -- significantly below the 46% that are immigrant founders in Silicon Valley. Of the emerging market cities measured, Shanghai tops the list with 36% of startups founded by foreigners. Other notable cities...

  • SA procurement rule change will be a boost for startups

    Startups that do work for the government are in for a major boon with a new procurement rules coming into effect this week that will see 30% of state procurement directed to small enterprises, says Silicon Cape director Alexandra Fraser. Fraser says the revised Preferential Procurement Regulations, which were gazetted in January and came into effect on 1 April, would provide a "stepping stone" for small firms and startups that wish to do work for government. They make provision for government departments, municipalities and state agencies to ensure that those bidding for contracts of R30-million or more subcontract at least 30% of the value of...